HSBC Upgrades Cia Energetica DE Minas to Buy, Announces $2.9 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Lilyanna Yang has upgraded Cia Energetica DE Minas (NYSE:CIG) from Hold to Buy and announced a $2.9 price target.
November 01, 2023 | 12:01 pm
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HSBC has upgraded Cia Energetica DE Minas (CIG) from Hold to Buy and set a price target of $2.9.
The upgrade from HSBC is a positive signal for CIG. The new Buy rating indicates that the analyst believes the stock will outperform the market in the near future. The price target of $2.9 also suggests that the analyst sees significant upside potential in the stock.
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IMPORTANCE 80
RELEVANCE 100